529 News

Recent Plan News

Minnesota 529 College Savings Plan (MNSAVES) announces lower fees and enhanced investment options

MNSAVES is excited to announce that current and future account owners will see more of their hard-earned money invested toward their college savings goals with average Plan fees dropping to 0.15 percent, more than three times lower than the 0.61 percent national average fee for all 529 plans. The fee reduction of over 30 percent could save MNSAVES account owners a combined total of approximately $1.2 million annually.The Plan's Age-Based glide path structure, commonly offered in most 529 plans, will be replaced with an Enrollment Year structure establishing investment portfolios tied to a beneficiary's expected enrollment date of use.

CollegeInvest annunces new partnership with Nationwide

CollegeInvest, Colorado’s not-for-profit state agency has announced a new partnership with Nationwide MutualInsurance Company and Nationwide Life Insurance Company for its Stable Value Plus college savings plan.Stable Value Plus is currently offering a 2.49% rate of return through 2019 – the highest rate available in the country with these combined features (as of July 1, 2019). Nationwide has further enhanced the plan by guaranteeing the rate for an additional 12 months, through the end of 2020.

After 18 years, the UA College Savings Plan Launches New Brand

The UA College Savings Plan announced that it is changing its name to Alaska 529 as of October 15, 2019. The Alaska-based education savings plan is offered by the Education Trust of Alaska.After 2017 tax reform expanded the use of 529 plans, the Education Trust of Alaska determined the need for a name and a brand that better represents the products and services it provides."This name change was made to reflect our versatility as an education savings plan that can be used for qualified expenses at nearly all colleges, universities and technical schools nationwide, as well as for K-12 tuition," said Tammi Weaver, the trust's executive officer. "The name may be new, but with Alaska 529, account holders will still experience high-quality plan benefits, customer service and investment management, and the value of our 18-year relationship with program manager T. Rowe Price."

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